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Technical analysis:
BTC/USD has been trading sideways at the price of $37.665 and I found rejection of the resistance at the price of $37.770, which is sign for the potential downside rotation.
Due to the rejection of the resistance in the background and divergence in the RSI, I see potential for the downside rotation towards lower reference.
Downside objectives are set at the price of $36.735 and $35.700
RSI oscillator is showing bearish divergence in the background, which is good sign for the downside rotation.
Key resistance is set at the price of $38.500
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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